- Yi: -2.5
- Trying to bottom out: DB
- Oversold: CNK, EFV, FXI, GXC, NTES, PG, PTR, YAO
- Moderately oversold: AXP, BMY, DDM, EWJ, FEU, JPM, KBE, MMC, MSFT, PEG, WFC
- Trying to hold the 28 day moving average: CREE
- Up against the 28 day: $CRB
- Up against the 65 day: DGP and IAU
- Moderately overbought: F, FAZ, JCP
- A break out in either direction is on the way for: EGPT
- Anything posted here may be off base,
For those of you who have inquired, the "Yi" is my own proprietary overbought/oversold indicator. A +10 reading generally indicates we are overbought in the overall market, and -4 or a -5 reading is telling us the market is a bit oversold. The "zero line" in between the plus and minus readings will sometimes act as an area of support or resistance, so I tend to keep an eye on that level also. A reading of +20 is extremely overbought, and a -10 indicates the market is extremely oversold.
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